Internet Software and Services

Company Overview of Bill.com, Inc.

Company Overview

Bill.com, Inc. operates as a business payments network company. The company provides Bill.com, a cloud-based financial application that gives clients command and control over cash flow, payables, and receivables. It integrates finance and accounting programs, banks, customers, vendors, accounting professionals, and documents. The company processes bill approvals and payments, collects in receivables, and views and approves bills online; and prints and mails the checks or pays electronically, and syncs with accounting software. It also sends invoices by mail or email; accepts payments online; allows client’s customers pay through ACH, credit cards, and check cards; and updates accounting soft...

Bill.com, Inc. operates as a business payments network company. The company provides Bill.com, a cloud-based financial application that gives clients command and control over cash flow, payables, and receivables. It integrates finance and accounting programs, banks, customers, vendors, accounting professionals, and documents. The company processes bill approvals and payments, collects in receivables, and views and approves bills online; and prints and mails the checks or pays electronically, and syncs with accounting software. It also sends invoices by mail or email; accepts payments online; allows client’s customers pay through ACH, credit cards, and check cards; and updates accounting software for clients. In addition, the company offers online cash flow management services, such as projects receivables, payables, and balances 3 months out; reveals potential problems in advance; visualizes alternatives to reveal plan; and executes clients new action plan to maintain cash levels. Bill.com has strategic partnerships with CPA.com, International Franchise Association, The Small Business Web, NACHA Affiliate Program, and The Software and Information Industry Association. The company was formerly known as CashView, Inc. and changed its name to Bill.com, Inc. in January 2008. Bill.com, Inc. was founded in 2006 and is based in Palo Alto, California.

Bill.com, Inc. Key Developments

Bill.com Raises $50 Million to Fuel Growth and Innovation in Digital Payments for Businesses

Feb 12 15

Bill.com announced it has closed a $50 million financing round. Silicon Valley Bank joined existing investors DCM Ventures, Scale Venture Partners, August Capital, Napier Park Global Capital, American Express Ventures and Commerce Ventures, bringing the total amount raised by the company to date to over $100 million. The new funds will enable Bill.com to continue scaling the company to support millions of members in the network and will also fuel ongoing plans to provide businesses nationwide with premier digital payments solutions that make paying and getting paid fast, easy and secure.

Bill.com Unveils New Solution to Accelerate Digitization of Payments for SMBs

Dec 11 14

Bill.com announced the release of Bill.com Fast Pay. Fast Pay is a new service that enables SMBs to pay and get paid faster, allowing precise cash flow management. Traditionally, checks and other payments take anywhere from four to ten days to be processed and delivered. This can feel like a lifetime for some businesses. Now, with Fast Pay, customers can expedite payments when businesses need to maintain tight cash flow or make emergency payments, keeping business operations running smoothly without a break in workflow.

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